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AUD/USD

  • #28,741
  • Mar 14, 2011 9:34pm Mar 14, 2011 9:34pm
Quoting MapleLeaf
so are you short or long? Just wondering.

some people said they were going to go long if it went down.. but then they were ambigous.

I was planning to long to be honest once I saw some consolidation and I was eye-ing 1.0045~1.0050 for that. I entered a long position accidentally at 1.0079 when I had a buy market order menu open. So I'm kind of fucked in paper losses at the moment. I obviously wouldn't have gone long after seeing the Aussie break through every level with ease.
  • #28,742
  • Mar 14, 2011 9:35pm Mar 14, 2011 9:35pm
Quoting MapleLeaf
so are you short or long? Just wondering.

some people said they were going to go long if it went down.. but then they were ambigous.
I was looking for longs at the first consolidation zone, but it broke to the south again. That is why I never trade on anticipation, only reaction.

I'm always open to whatever, never try to bias a direction. Just let the levels break and trade um. Price will tell you where it's going, just got to work on listening

It's not often we get moves like this in Asia, and most of the time when we do, it's BS on low liquidity. But i'm sure the mess in Japan is really screwing things up for now.
  • #28,743
  • Mar 14, 2011 9:35pm Mar 14, 2011 9:35pm
Quoting Venice
Yup. I'm not even sure what's causing this... just playing the level breaks as they keep happening.

Currently watching for S3 @ 9989. Maybe we can get some traction to the north here at that level.

I'm eye-ing around the parity level at the moment, might "add" some longs
  • #28,744
  • Mar 14, 2011 9:37pm Mar 14, 2011 9:37pm
Quoting latropsudoxe
I'm eye-ing around the parity level at the moment, might "add" some longs
Yeah mate, you gotta cut those bad trades when they come. One of the hardest things to learn to do in this bloody world.

I know on the 5m, it isn't forgiving. 10 pip maximum draw down for me and thats it and it's closed. No ifs, ands or butts about it.
  • #28,745
  • Mar 14, 2011 9:39pm Mar 14, 2011 9:39pm
Quoting Venice
Yeah mate, you gotta cut those bad trades when they come. One of the hardest things to learn to do in this bloody world.

I know on the 5m, it isn't forgiving. 10 pip maximum draw down for me and thats it and it's closed. No ifs, ands or butts about it.
Yeah, broke my own rule. I try not to risk more than 2-3% of my account on each trade. I actually put in a stop after my accidental entry, but kept tweaking it and eventually got rid of it. I'm fairly disciplined on my planned trades but on accidentals (I've had this happen to me on the AUD/USD 2 years ago, accidental trade, tweaked stops and massive loss) I'm not so good. I get a lot more emotional about the trade because I didn't even plan to enter it and get stressed.

I wonder what's moving the Aussie so hard.
  • #28,746
  • Mar 14, 2011 9:40pm Mar 14, 2011 9:40pm
Quoting latropsudoxe
Yeah, broke my own rule. I try not to risk more than 2-3% of my account on each trade. I actually put in a stop after my accidental entry, but kept tweaking it and eventually got rid of it. I'm fairly disciplined on my planned trades but on accidentals (I've had this happen to me on the AUD/USD 2 years ago, accidental trade, tweaked stops and massive loss) I'm not so good. I get a lot more emotional about the trade because I didn't even plan to enter it and get stressed.

I wonder what's moving the Aussie so hard.
I"m curious as well, euro is also dropping but not at the same speed.

I didn't even get level setups on this last consolidation zone.

Edit: theres our S3. lol
  • #28,747
  • Mar 14, 2011 9:43pm Mar 14, 2011 9:43pm
Quoting Venice
I"m curious as well, euro is also dropping but not at the same speed.

I didn't even get level setups on this last consolidation zone.

Edit: theres our S3. lol
I caught the Euro short so that's a little less damage for me on this AUD trade lol.

I don't see any major news for the Aussie out right now. Pretty big move in the last 3 hours.
  • #28,748
  • Mar 14, 2011 9:43pm Mar 14, 2011 9:43pm
Yeah, it's definitely Japan. Problems with the reactors... Nekki is done for.
  • #28,749
  • Mar 14, 2011 9:43pm Mar 14, 2011 9:43pm
Quoting FX-Petra
Long @ 1.0075, as per my previously stated plan. 1/2 lot. Target 1.0150. Good trades to all.

Regards,
Long again @ 1.0002. We'll see what happens!

Regards,
  • #28,750
  • Mar 14, 2011 9:44pm Mar 14, 2011 9:44pm
Reversal candlestick on 15 minutes ?
The Black Swan: The Impact of the Highly Improbable
  • #28,751
  • Mar 14, 2011 9:44pm Mar 14, 2011 9:44pm
Quoting Venice
Yeah, it's definitely Japan. Problems with the reactors... Nekki is done for.
Osaka just shut down but it'll resume trading in a few minutes.

Fukushima is gonna get worse and worse Hope everything is okay but it really didnt' seem like it would be from the start.

We've hit 0.9985, next level would be 0.9965 that I'm watching. I wish I just closed my trade as soon as I miclicked for a loss of the broker spread lol. Will be managing this one for a while I think
  • #28,752
  • Mar 14, 2011 9:46pm Mar 14, 2011 9:46pm
Quoting latropsudoxe
Is your trade still open (fix your stop a little?)?

Do you mean 1.0056?

I may add a few longs here.
I was stopped out. I re-entered long @ 1.0006 sl 0.9950 tp 1.0520 Reason: Bullish bat on 1hr tf and 1.0025 is an EXTREMELY strong support. I see this down move as a trap.
  • #28,753
  • Mar 14, 2011 9:48pm Mar 14, 2011 9:48pm
reckon now is the time to go long for the next 8 hrs
  • #28,754
  • Mar 14, 2011 9:50pm Mar 14, 2011 9:50pm
Quoting MapleLeaf
Reversal candlestick on 15 minutes ?
Your levels are 9985 to the bottom side and nothing worth breaking on the top side yet.
  • #28,755
  • Mar 14, 2011 9:51pm Mar 14, 2011 9:51pm
U/j....
  • #28,756
  • Mar 14, 2011 9:51pm Mar 14, 2011 9:51pm
short again.
  • #28,757
  • Mar 14, 2011 9:52pm Mar 14, 2011 9:52pm
Wow...the Yen is moving too. USD/JPY at 81.20 and still dropping.

AUD/USD at 0.9974 now.heading toward 0.9965
  • #28,758
  • Mar 14, 2011 9:52pm Mar 14, 2011 9:52pm
wow, almost on 9970...
The Black Swan: The Impact of the Highly Improbable
  • #28,759
  • Mar 14, 2011 9:53pm Mar 14, 2011 9:53pm
Scalped for 20. Quick triggers... this thing is nuts.
  • #28,760
  • Mar 14, 2011 9:53pm Mar 14, 2011 9:53pm
Quoting Venice
Scalped for 20. Quick triggers... this thing is nuts.
Is this what it's like to trade London?
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